Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure IT-2022-21/2351 – Updated – measures in Italy
Country | Italy , applies nationwide |
Time period | Temporary, 18 May 2022 – 31 December 2022 |
Context | War in Ukraine |
Type | Legislations or other statutory regulations |
Category |
Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation |
Author | Alessandro Smilari (Fondazione Giacomo Brodolini) |
Measure added | 19 May 2022 (updated 10 July 2023) |
The Council of Ministers approved the new Aid Decree (Decree Law No. 50 of 17 May 2022 on 'Urgent measures on national energy policies, business productivity and investment attraction, as well as on social policies and the Ukrainian crisis'), the decree law that provides economic aid to companies and families to limit the consequences of the war in Ukraine on the Italian economy. Among them, it was considered important to provide monetary support to those companies that were strongly affected by the war.
€130 million has been provided for the provision of non-repayable grants to small and medium-sized enterprises that have suffered losses in turnover as a result of falling demand. The support is reserved for companies that meet these conditions
Companies will be able to apply for relief up to a maximum of €400,000 if special requirements are met.
The following updates to this measure have been made after it came into effect.
01 January 2023 |
The measure was not extended any further and is therefore considered no longer active. |
20 September 2022 |
In the conversion into law, the deadline for applying for financial support (31 December 2022) is defined. The guarantee is supported by the SACE fund, a joint-stock company controlled by the Ministry of Economy and Finance, which supports companies to strengthen their liquidity. |
No data available.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers |
SMEs
|
Does not apply to citizens |
Actors | Funding |
---|---|
National government
|
National funds
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | Unknown | Unknown |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
No data available.
No data available.
Citation
Eurofound (2022), Subsidies for companies strongly affected by the Ukrainian crisis, measure IT-2022-21/2351 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2022-21_2351.html
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